Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Short Interest Down 20.6% in April

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 63,800 shares, a drop of 20.6% from the March 31st total of 80,400 shares. Based on an average daily trading volume, of 111,700 shares, the days-to-cover ratio is presently 0.6 days.

Shares of EFT stock traded down $0.05 during midday trading on Tuesday, hitting $14.21. 65,541 shares of the company were exchanged, compared to its average volume of 126,221. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.57 and a 52 week high of $14.32. The firm’s 50 day moving average price is $14.13 and its two-hundred day moving average price is $13.59.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 21st will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $0.73 annualized dividend and a yield of 5.15%.

Several large investors have recently modified their holdings of EFT. Centaurus Financial Inc. bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the first quarter worth approximately $197,000. Andesa Financial Management Inc. increased its position in Eaton Vance Floating-Rate Income Trust by 129.6% during the 1st quarter. Andesa Financial Management Inc. now owns 294,940 shares of the investment management company’s stock worth $4,159,000 after buying an additional 166,471 shares during the period. NEXT Financial Group Inc increased its position in Eaton Vance Floating-Rate Income Trust by 63.0% during the 1st quarter. NEXT Financial Group Inc now owns 3,760 shares of the investment management company’s stock worth $53,000 after buying an additional 1,453 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 5.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 40,255 shares of the investment management company’s stock valued at $530,000 after acquiring an additional 2,067 shares in the last quarter. Finally, Clough Capital Partners L P bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth approximately $259,000.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.

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